J.G. Wentworth Company (fka JGWEQ)

[NEWB4now]

Company has announced restructuring plan under chapter 11 to elimitate MASSIVE debt load, regular stockholders will receive 0% of the new restructured equity issued to the primary debt holders, meaning provided the restructuring goes through (it has to, the company is so indebted it likely has no other options) the stock currently trading will have absolutely no value. If you want to buy in and try and play the swings go for it, anyone planning on holding this stock long term will lose it all as there will be zero value once the restructure agreement is consumated. Just my opinion and as my name indicates I'm fairly new to day trading but not finance. Best of luck.